EAM9.2: When Running Depreciation Calculation Process After an Asset with HY Convention Has Been Suspended, the Depreciation Computed Previously Was Not Cleared or Recalculated. (Doc ID 2908459.1)

Last updated on DECEMBER 23, 2022

Applies to:

Symptoms

When running Depreciation Calculation process after an Asset with HY Convention has been suspended, the depreciation computed previously was not cleared or recalculated.
The depreciation was not cleared for all period after suspension and that is because of the convention used along with the Depr In Service option checked.
The ADD entries are from May and the suspension happens with HY convention. So, the suspension starts from July. Depreciation entries get cleared out from the period suspension starts.
Thats why the entries for May and June remains even after the asset is suspended.
However, customer starts depreciating HY convention assets when acquired instead of waiting until July (half year) to start depreciating the Assets.
Their HY convention assets have bonus of 100% which is taken prior to July if purchased from January to June.  They need a way to suspend Depreciation on HY convention assets that are purchased prior to July.

Steps to replicate:

1.  Set up Bonus Depreciation.
    (Set Up Financials/Supply Chain > Product Related > Asset Management > Depreciation > Depreciation Bonus)
2.  Set up Profile for Books CORP and FEDERAL:
    (Set Up Financials/Supply Chain > Product Related > Asset Management > Profiles > Asset Profiles)
      Profile = FURNITURE
      Depreciate When In Service options selected
      Convention = Half Year
      Method = Declining Balance w/SL
      DB Pct = 200.00000
      On the Tax tab, note that Depreciation Bonus is populated on FEDERAL book, but not on CORP.
3.  Add an Asset using Express Add.
    (Asset Management > Asset Transactions > Owned Assets > Express Add)
      Trans Date = 05/16/2022
      Acctg Date = 05/16/2022
      Acquisition Date = 05/16/2022
4.  Save.  Asset ID 000000000233.
5.  Run Depreciation Calculation process.
    (Asset Management > Depreciation > Processing > Calculate Depreciation)
6.  Check Asset Depreciation Info page, depreciation has been calculated as expected for both books.
    (Asset Management > Depreciation > Review Depreciation Info > Asset Depreciation)
7.  With Trans Date and Accounting Date of 05/18/2022, suspend the Asset by changing the following for both books, the Save:
      Status = Non Depreciable
      Calculation = Life-to-Date
8.  Run Depreciation Calculation process.
    (Asset Management > Depreciation > Processing > Calculate Depreciation)
9.  Depreciation computed previously has not been cleared.

Replication steps here.

NOTE: In the <images or examples> <above or below> and/or the attached document, user details / customer name / address / email / telephone number represent a fictitious sample (based up made up data used in the Product name test environment). Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.

Cause

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